Stocks close lower ahead of Fed decision on interest rates

Stocks finished broadly lower Tuesday as Wall Street, increasingly anxious about the slowing economy, looks ahead to aby the Federal Reserve in its bid to squash the highest inflation in decades.

“The market is certainly bracing for the worst, and you’re seeing a little bit of selling pressure coming in,” said Paul Kim, chief executive of Simplify ETFs.When organizers of the Future Proof wealth festival decided to create their own event, they took inspiration from Coachella and South by Southwest

Bond yields mostly edged higher. The yield on the 10-year Treasury, which influences mortgage rates, rose to 3.56% on Tuesday from 3.52% late Monday and is trading at its highest levels since 2011. If the Fed raises its key short-term rate by three-quarters of a point Wednesday, that would lift its benchmark rate — which affects many consumer and business loans — to a range of 3% to 3.25%, the highest level in 14 years and up from zero at the start of the year.

Stocks are lower than Trump could have done WITH Covid. Bidenomics.

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Stock Market News, Sept. 19, 2022: Dow Finishes Up About 200 PointsThe 10-year Treasury yield closed at its highest level in a decade ahead of this week's Fed meeting, while two-year yields ended at a 15-year high Dollar's economy crash day by day only Catholic jeo Biden failed All policies & now popularity of Biden down fall day by day American china SaudiArabia Russia but Ruble currency day by day powerful That translates to NOTHING for most of us. We’re out here s wrapping change to buy a gallon of effing milk.
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »

Why stock-market investors fear a full percentage point Fed rate hike would 'unnerve' Wall StreetSome on Wall Street believe investors are underestimating the possibility that the Fed might deliver a surprise 100 basis-point interest rate hike at the... Don't give a DAMN about unnerving markets. Have to get Biden inflation under control yesterday
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »